5, CORNACRE CLOSE, TORQUAY, TQ2 6JY - £173,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

5 CORNACRE CLOSE is a very small terraced house of 75m², built sometime between 1950 and 1966, which could now be worth an estimated £220,833. It was last sold for £173,500 in November 2017, which was around 4% above the average November 2017 terraced price in the Torbay local authority area. The most recent EPC inspection was April 2010, where the current energy rating was F, and the potential energy rating was F.

5 CORNACRE CLOSE Sold Prices

Land registry data shows two sales for 5 CORNACRE CLOSE since 1^st January 1995. The below table shows the price paid for the two sales, along with the average terraced price in the Torbay local authority area for the corresponding sale date. One of the two 5 CORNACRE CLOSE sales was for above the average price, whilst the other was for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2017 10 NOV	£173,500	£167,378	4% above HPI
2010 30 JUL	£134,500	£142,385	6% below HPI

5 CORNACRE CLOSE Price Paid vs. HPI Average

The below graph shows the average terraced house price in the Torbay local authority area over time, sourced from the HPI. The two 5 CORNACRE CLOSE sales from July 2010 and November 2017 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the July 2010 sale was for 6% below the HPI. So the extrapolation line tracks at 6% below the HPI over time, until the November 2017 sale, where it rises to 4% above the HPI. The line then continues to track at 4% above the HPI.

What might 5 CORNACRE CLOSE be worth now?

5 CORNACRE CLOSE might now be worth an estimated £220,833.

This is based on house price inflation of 27.3%, between November 2017 and May 2026, for terraced houses, in the Torbay local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 27.3% inflationary increase is applied to the most recent sale price for 5 CORNACRE CLOSE of £173,500 on 10th November 2017. For the value to have increased from £173,500 to £220,833 over the nine years and six months to May 2026, the following assumptions must hold true:

• The value of 5 CORNACRE CLOSE has moved in line with the HPI for terraced houses in the Torbay local authority area.
• The November 2017 sale price of £173,500 represented a fair market value for the property.
• The size, condition, and specification of 5 CORNACRE CLOSE has not materially changed since November 2017.

How Large is 5 CORNACRE CLOSE?

5 CORNACRE CLOSE is 75m² according to the EPC inspection conducted in April 2010. This puts it in the smallest 20% of terraced houses houses in Paignton, based on EPC data. The below chart shows the distribution of terraced houses houses by size in Paignton, and where 5 CORNACRE CLOSE lies on this distribution: 14% of terraced houses houses are smaller than 5 CORNACRE CLOSE, and 85% of houses are larger. Note that EPC data is not available for all properties in Paignton.

5 CORNACRE CLOSE: Plot and Title Map

5 CORNACRE CLOSE sits on a plot of roughly 0.030 of an acre, or 120m². The below map shows the location of 5 CORNACRE CLOSE, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 5 CORNACRE CLOSE). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 5 CORNACRE CLOSE?

5 CORNACRE CLOSE is located in TORQUAY, in the TQ2 postcode district. The below map shows the position of No. 5 on CORNACRE CLOSE.